The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
or pay way over the ask unless you really want em GLA
ive just been quoted 3.29 to buy£2k. perhaps a rise is coming
would be great if we had news this week re even just the milestone payments being sorted. However surely cant be long. GLA
I would hope that we get some ZIOP presence at the Forum in September. Seems to me a perfect platform to announce news to the market.
Wonder if we’ll hear about the Simandou bids 30 days from aug 2nd too. Still find it strange Zanaga tweet in relation to Simandou. I’m sure they are fully aware of what’s going on there. M&A etc
As always patience required but something has to give soon. IMO.
I'm hoping we get some positive news on the Zanaga project in next couple of months. I'm invested in both.
If that gets up and running will certainly raise the SP. Potential for $$billions there.
Guess we wait to see what next week brings.
I would hope we must now be past any dreaded Placing stage.
With all that’s going on I’d expect news soon regards convertible bonds / Alt finance.
Perf Bond DPR NNPC looks nailed on imo. Just need to sort SPAs.
I don’t know half as much as many on here but I’m optimistic positive news will be forthcoming.
Let’s see what happens. GLA.
Actually good to see some positive, constructive debate on this board for a change. We all have an opinion so i'd hope we can all continue to debate, rationalise and have our own opinions without being lambasted.
Ive kept out for a long time as it obviously degenerated into a slanging match. We are I would hope all here to see Zanaga come to fruition.
Surely we'd all agree at least today is a major step in the right direction.
What happens next is out of our hands. Let's see what transpires.. GLA
Fills me with confidence the level of debt restructuring they have agreed with China. Let's hope for that news later on today...GLA
"On 11 July, the Board of Directors of the International Financial Institution rules on the request of the Republic of Congo to conclude a three-year programme under the expanded credit facility.
Once the agreement is approved, the International Monetary Fund (IMF) will provide Congo - apart from permanent technical assistance - with financial support that will enable it to restore
its fiscal balance spared by the economic and financial crisis. due to the drastic fall in oil prices on the international market.
Financial support from the Bretton Woods institution will also help Congo to service its public debt estimated in 2017 at 5329 billion CFA francs, or 110% of gross domestic product (GDP).
Last March, the National Monetary and Financial Committee estimated this debt at 84% of GDP.
Congolese are anxiously awaiting the IMF's approval of the cooperation agreement with Congo.
This should enable the country to regain the trust of bilateral and multilateral partners, some of whom have already announced their intention to provide financial assistance.
This is the case for the World Bank, the European Union and especially the African Development Bank, which intends to provide $280 million to Congo. France, for its part, has promised funding of 135 million euros.
These funds are subject to the signing of the agreement between Congo and the IMF.
In May, after a working visit to Brazzaville, IMF Africa Advisor Alex Segura Ubiergo praised the country's efforts in discussions with the fund, including on fiscal consolidation and control of public spending.
The mission believes that it has found the necessary elements to advance congo's case. Of course, the IMF's board of directors must approve the program. But we have the technical elements that will allow us to
defend this issue as soon as possible," he said.
In its discussions with the fund, Congo has carried out structural reforms and successfully managed the budgetary framework.
""It signed a debt restructuring agreement with China in April worth more than 1400 billion CFA francs OR $1.8 billion""
The Congolese government has also found a modus vivendi with oil traders, which has made the public debt sustainable.
http://www.adiac-congo.com/content/cooperation-le-fmi-planche-sur-le-dossier-du-congo-102641
Very positive day today. Loving that the MMs had to raise to get some weak sells. FOMO will be stronger next week I’m sure. I’ve topped up 110k today.
I’m adamant a deal is done else why bother with the IMF meeting. Sure that zioc glencore and China well informed with what’s going on.
And I’d agree IMF won’t do a deal re port unless glencore China and Zanaga on board. Hence I think that’s a done deal.
Sure we’ll find out next week. GLA. Interest is growing for sure. Have a great weekend all.
One has to think with all the dynamics involved with this project a time of fruition is upon us.
certainly is Giz. Always seems to go wrong Well lets hope LEK moves up after early profit takers
I only got into LEK recently, average under 4p so am happy with the progress from the latest RNS.
All very positive and anything under 5p a real bargain IMO. Lets see what the week brings. GLA
Some great posts in here lately, especially Jay12
With all the information and news coming out of ROC i would hope the project moves forward soon.
We have news from ROC, China and IMF re Debt consolidation deal (aspects of this unknown as yet) but extremely welcome news. So if China happy to do a deal with ROC re external debt maybe we will hear news of port in the coming weeks (not dependent of IMF deal perhaps?)
No doubt Glencore / Trafigura will come to some arrangement and a deal can then be forthcoming with IMF / ROC.
Congo have reduced external debt to 85% of GDP
Oil production and volumes have increased.
We have surging iron ore prices (today over $100 for 62%) and futures prices around $110.70 together with an obvious demand for our product (Obviously fundamental to taking this forward)
https://twitter.com/IronOreIndex/status/1126808486883414016
Expropriation of the land needs to be finalized before any building work can begin, so let’s hope they crack on with that, but the funding agreement was signed with CRBC back in February.
http://adiac-congo.com/content/cooperation-congo-chine-pointe-noire-bientot-dotee-dun-port-mineralier-en-eau-profonde-46342
I don’t see financing an issue with the backing of Glencore, so lets hope costings are in pronto, the jumelles board meet and advise us of their intentions.
So when I look at all the information I can I’m happy this will progress in the very near future.
Good luck to ALL shareholders – I do feel that May and June will be very positive months for us..JMO